Valkyrie Investments is reportedly set to become the first provider of a U.S.-based ETF that includes Ethereum futures, according to a report from FOX Business on September 28. The fund is expected to make this significant change on September 29, although Valkyrie has not yet confirmed the exact date. Unlike other Ethereum futures ETFs in development, Valkyrie’s fund will combine Bitcoin and Ethereum futures.
Meanwhile, VanEck, a competing asset management firm, announced on September 28 that it is also preparing to launch its own Ethereum futures ETF. VanEck’s fund will be an actively managed ETF, investing in Ethereum futures contracts on the Chicago Mercantile Exchange. The fund will be listed on the CBOE exchange under the label EFUT. It is worth noting that VanEck already offers a separate Bitcoin Strategy ETF.
Other Ethereum futures funds are also awaiting approval, including applications from Bitwise, ProShares, and Grayscale. It is expected that many of these proposed funds will go live during the first week of October. However, these Ethereum futures ETFs should not be confused with spot Ethereum ETFs, which involve direct investments in Ethereum and are subject to different regulatory considerations. The SEC recently delayed its decision on two spot Ethereum ETF proposals until December.
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